Zhuzhou Times New Material Increased 6.3 Million Yuan to Subsidiary LIKE Rubber & Plastic

27 October 2016 | Source from China Rubber Journal

Zhuzhou Times New Material Technology Co., Ltd. decided to increase investment by RMB 6.3 Million Yuan to its subsidiary Inner Mongolia First Machinery Group LIKE Rubber & Plastic Co., Ltd. on December 22, 2015 to solve the capital insufficiency on new plant construction and technolog- ical renovation, which would also help LIKE Rubber & Plastic to expand the market and improve the overall profitability.

LIKE Rubber & Plastic mainly engages in various kinds of military and civil vehicle rubber products, vehicle interiors, solid tires, track-type vehicle rubber crawler boards, rubber track link pins, various kinds of shock-absorbing rubber products, rubber sheet lining of ball mill, seal rings used for large-scale water transmission pipeline, sponge rubber sheet and products, plastic products, etc. It achieved the operation revenue of 135 Million Yuan and net profit of 535.8 Thousand Yuan in 2014. 

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